Do you gamble because you don't have sufficient money?

[Josefjix]

I presume that the rich loss more in gambling than the poor. The reason why we might not see rich people gambling openly is because as an average or poor man,there are places that we are limited to go. There are big land based casinos that are strictly for the rich and the casinos have hotels for gamblers to lodge so that they can have easy access to gamble for long. The statistics of the poor is higher than the rich,this is also another reason why you see more of poor people gambling. Take example of drake,how he spends money on gambling on stake. OP,should remember that rich includes not old and young people.

We take risks with the goal to survive in the gambling mechanism, which is obviously not for everyone. The rich consistently record losses, as opposed to the regular gambler who engages in the system with prudence, not willing to make losses, and ensuring their profits far exceed their percentage of losses. Influential people have little time to spend; they are always calculating their money for the purpose to gain enormous earnings at the end. Drake, in your depiction, is a catastrophic bidder in gambling, willing to take huge risks by wagering on games.

[TopTort777]

My answer to OP questio is completely opposite - I gamble only because I have too much money, or have spare money. Trying to fix financial problem by gambling is the stupidest tactics. First of all a person is already short of money and deposit them instead of spending more wisely. Gambling is never a solution for easy or quick money. Even if a person wins, he will continue gambling and fix insufficient money issue.

[Shinpako09]

I believe it is determined by one's nature, but whether rich or poor, the majority of gamblers have the same goal in mind, to gain money through gambling. What your friend says is true for me; I would not bet if I were wealthy, but other wealthy individuals do so because it is their habit, not for financial reasons. As I already stated, it is dependent on one's personality, imho.

[piebeyb]

I believe it is determined by one's nature, but whether rich or poor, the majority of gamblers have the same goal in mind, to gain money through gambling. What your friend says is true for me; I would not bet if I were wealthy, but other wealthy individuals do so because it is their habit, not for financial reasons. As I already stated, it is dependent on one's personality, imho.

Yes, as we see today, most rich people only gamble for fun and not to make money because they probably already have enough money, let alone the spare money they have, so I don't think it would be possible for them to gamble to multiply their money, after all, gambling is just for money is the wrong goal, so most rich people prefer to play gambling for fun.

I think everyone probably understands that most middle and lower class people only have the goal of making money at gambling because they believe that gambling is a fast way to get rich, even though gambling is also a way to make people poor or bankrupt in a short time. that's why it all has to depend on the nature of a person and their respective mindsets.

[Hispo]

I do not have any statistics at hand right now but only a personal account of events here in my country.
Back in 2016 and 2017, we saw the worst part of an economical crisis which put onto knees most of the households here, people were struggling to pay for food and health... So spontaneously people, started to gamble in animal roulettes. More and more of those small local places for gambling started to appear and the poor started to gamble regularly, in hopes to cover their necessities. Back then the middle class was also very beaten down, so they also engaged in those games.

I recall one could see those roulettes in each corner of the towns and small communities.  So, while I cannot tell whether rich or poor people gamble more, I can say that economical crisis can lead towards gambling and increase the percentage of gamblers in an entire country.

[QueenVera]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

Different people have diverse reasons why they gamble, some gamble for fun/entertainment, Some started gambling due to peer pressure from college, Some people see gambling as a means of earning a living which is not considered good, and however gamblimg shouldn't be considered for the poor if not most punters would have stopped it  and most times you'll hear rich people saying they gamble to while away time during their leisures or release themselves of emotional pains like stress or depression, gambling ain't bad but it the motive towards it that should be considered, if gambling is a rich man's referred options for easing stress then it should be considered okay because he has alot of money to make him happy, and there are chances that he'll make more while do it, compared to a poor man that would want to risk the little he has to risk taking.
 Well the number of rich people that gambles would always be lesser than the poor because it obvious that our society is filled with more poor or average than rich, asides that majority of the poor vies gambling as an alternative to getting rich quick and would always fall back to try their luck when they run out of options, and I think your friend was right when he said most people are addict to gambling for the love of it and not mostly because of money, whereas a poor man's reason for gambling addiction would always fall back to making money.

[Weawant]

We don't know about the percentage, but even rich people probably gamble, too.
There are many reasons why people gamble, it is not only about expecting to earn money. Some people gamble for fun (entertainment purpose), some gamble to spend their spare time, and others probably gamble to win the jackpot. Middle and low class people may gamble for money, they want to try their luck to earn money. While rich people are likely to gamble for entertainment or spending spare time. So, based on these possible reasons, any level of people can have a chance to gamble. Gambling isn't for middle and low class people only, it is also for rich people as well.

If a poll is taken we'll see that more people gamble because they want to make more money, gambling takes money more than It does gives money when we look at the overall statistics because more people are losing money on a regular than those gamblers who're winning.

On the forum we also have more people gambling because they want to have money to live the richest lifestyles they're dreaming about. I haven't seen any middle class or lower class person that is gamble because he or she want to have fun or just for entertainment purposes.

But we have many rich people that still gamble because they want to make more riches and increase their wealth to the next level which means gambling to make money or not having sufficient money is more common than gambling because you want to have some fun.

[xSkylarx]

All people do gamble; there are no exceptions, but what I've really noticed as I've grown in a poor area is that most of the poor people, including us, are really doing gambling to try our luck, and mostly this is the lottery. I've mostly noticed poor people are buying more tickets to it than those rich people, but again, because there are more poor people than rich people in the area, we can't really compare both. Still, rich people do gamble also to try their luck, and even though they spend more in casinos just to have fun, unlike the poor, they are taking the risk to win.

[Jawhead999]

On the forum we also have more people gambling because they want to have money to live the richest lifestyles they're dreaming about. I haven't seen any middle class or lower class person that is gamble because he or she want to have fun or just for entertainment purposes.

But we have many rich people that still gamble because they want to make more riches and increase their wealth to the next level which means gambling to make money or not having sufficient money is more common than gambling because you want to have some fun.

You've repeat multiple words about gambling is for rich, since you're in this forum and participating in gambling discussion, it's mean you're a rich person.

However you're wrong if poor or middle class aren't gambler for fun, not all people in this world want to get rich. As long as the poor or middle class can afford to lose and not ruin their life or their family, it can be said as fine.

Well, rich people aren't gamble to make them get more richer, rich people already know gambling will not make money.

[RockBell]

I believe it is determined by one's nature, but whether rich or poor, the majority of gamblers have the same goal in mind, to gain money through gambling. What your friend says is true for me; I would not bet if I were wealthy, but other wealthy individuals do so because it is their habit, not for financial reasons. As I already stated, it is dependent on one's personality, imho.

I agree with what you say about a person's character, but I don't believe that someone who is wealthy will desire to gamble, gamble is seen as a means of getting money that is for some people and there are categories of people who actually play for fun, and I noticed something about rich people they gamble for fun with there friends and click to discuss business and is mostly casino games, different people different perception.

[madnessteat]

My answer to OP questio is completely opposite - I gamble only because I have too much money, or have spare money. Trying to fix financial problem by gambling is the stupidest tactics. First of all a person is already short of money and deposit them instead of spending more wisely. Gambling is never a solution for easy or quick money. Even if a person wins, he will continue gambling and fix insufficient money issue.

Absolutely agree with you. Gambling was invented as entertainment, so it makes no sense to divide gamblers into rich and poor. The one who came to play in the casino clearly has in his pocket the amount he is willing to lose, because he will put it on the line. Yes, and in fact, it is not so important how big bets make a gambler because the pleasure he gets every win. As you correctly noted in the casino do not come to solve their financial problems, there come for emotions that are lacking in the hustle and bustle of today's life.

[KTChampions]

I think this question should be addressed to sociologists (what do people's opinions matter without concrete facts?), but even their research will be relevant only in relation to those countries and conditions in which they were carried out. Different countries have different cultures and laws, so the percentage of gamblers can vary greatly from this - for example, gambling can be severely prohibited in a country, but as we know, the elite always have access to forbidden pleasures, so there will be a completely different ratio than in those countries where gambling is available to everyone.

I think and in fact I am quite sure of this now as I am a member of many gambling websites and I have seen that people from different countries and even different continents have the same greed,passion and desire for money so I doubt it is based on countries.Those surveys that they show us like for example Australia to have the highest number of gamblers and Italy to be in top 10 there is completely wrong,I have friends from Brazil which I never thought was a country where you could find many gamblers yet they are crazy gamblers in the true meaning of world crazy,they spend huge amounts in gambling.

I understand you, but it is unlikely that our subjective impressions/experience are representative to draw global conclusions. I assume that in some countries the passion for gambling can greatly depend on the financial situation of the player (I described the mechanism of how this stratification can occur), but the final verdict can only be made by sociologists or those who have accurate data (if it can exist here at all).

[Wiwo]

I was in argument with someone. His view is that people who gamble are those that what they have is not sufficient for them and so they try to make more money from gambling. He said if you have sufficient money to take care of your needs that you won't think of gambling. He made reference to some rich people, who don't gamble because they have sufficient money to even gift to charity but that those rich who still gamble are only addicted to it not just because of the money. Therefore, that the percentage of the rich gambling is very small compared to those in middle class and lower class.

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I dont think 100% of those who gamble are doing it for financial intention because gambling also unvol e some game plays which give some form of excitement and motivations that help the individual free up some space in the brain, quite alright majority of those that bet on sports bets are all un for the winning and the money, but those in the housee games are all un for the excitement of the games.

So we must have to differentiate gambling for money from gambling for fun, because in as much as we understand the risk involved in gambling, we also understand the excitement and fun also, we have the world's richest people still gambling and this is an aspect that we all have reckoned with at every point in time, because is either we gamble for fun or for the money but whichever way all gamblers are equal and there is no class segregation among both the rich and poor gamble.

[TelolettOm]

If a poll is taken we'll see that more people gamble because they want to make more money, gambling takes money more than It does gives money when we look at the overall statistics because more people are losing money on a regular than those gamblers who're winning.

I didn't explain about what the purpose of most people in gambling. I only explained that people gambled not only to earn money but people also gamble for fun or to spend their spare time. Some people understand that gambling isn't the right way to expect money, the chance to win the prizes is small. But they still gamble because they are happy playing gambling games. If you are discussing on gambling topics a long time, you must know this very well.

Anyway, we don't need to learn the statistics, it is clear enough that people more often got losses than won the gambling. Every gambler knows that most gambling games relies on the luck, the chance to win it is below 50%.

On the forum we also have more people gambling because they want to have money to live the richest lifestyles they're dreaming about. I haven't seen any middle class or lower class person that is gamble because he or she want to have fun or just for entertainment purposes.

How do you know it?
Read again my post previously, I said the rich people who probably gamble for fun.
I've explained that middle class or lower class people probably gamble to expect earning money.

[Pierre 2]

I don't think think these are related at all. Noone I know gambles only because they need money. Gambling is not like working where you always get paid in return. Its completely different. Gamblers have different instincts in my opinion that drive them towards gambling. Gambling is not source of steady income which I agree. Also there is one issue too. Rich people gamble even more than poor people? That's not only because they can afford but also they can have so much fun with it.

[AicecreaME]

It should be a golden rule to not gamble when you don't have a spare. If you don't have enough money to begin with, then gamble shouldn't be your priority. Gambling despite having no enough fund to cover your basic expenses is just pure selfishness and stupidity combined. It's just irresponsible. We should only spend what we can afford to lose. And having no sufficient money on hand or income at all speaks so much trouble.

If ever you lose for risking the money you have thinking it could profit, it will cost you your peace of mind and it could mean that you have to sacrifice other important things just because of that bet or play. Gambling isn't a get-rich-quick scheme. It involves critical thinking, skills, and luck altogether. It shouldn't be done impulsively.

[Fivestar4everMVP]

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

Well, if I am to answer this question based on what i have seen concerning this discussion in my present locality and every where else I've lived, my answer will be in the affirmative side, but then, if we are to get logical about the whole thing, it will be worthy of note that the number of rich people in any society is also way lesser than the middle and lower class, so it is very much expected that the number of rich people that are gambling will be much lower than the middle and lower class that are doing the same.
It would have been easier to agree or disagree that its only those who don't have sufficient money that gambles, if we lived in a world where the number of rich people, is equal to the number of the middle and lower class people in the society.

[aylabadia05]

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

Gambling statistics among the rich and the poor are always changing.
Between rich people and people who don't have enough money, they still do gambling because gambling games depend on the desire to play.

There are rich people who don't get involved in gambling because they basically never get involved with gambling. For rich people who have been involved in gambling, maybe those with a lot of financial status will find it easier to gamble.
Logically, people who don't have much money don't gamble too much so that in terms of percentage, it's not rich people who have a low percentage in gambling but people who don't have enough money or people with lower middle income.

In my neighborhood, the rich have a lower percentage of gamblers. The average gambler in my environment is a person with a lower middle income.

[blockman]

So my question is, is the percentage of the rich gambling lower than the middle and lower class?

I do think so that the rich gamblers are lesser than the other status of gamblers. But with all types of status, we will never know and we won't get the actual ratio of it. Most of the rich will protect their wealth and they're not going to do something odd that will make them lose their hard-earned money. While in most depressed areas, gambling is proliferated because of how tough life is there from those areas and people are looking for ways like gambling as their temporary to permanent way to solve their poverty.

[maydna]

It should be a golden rule to not gamble when you don't have a spare. If you don't have enough money to begin with, then gamble shouldn't be your priority. Gambling despite having no enough fund to cover your basic expenses is just pure selfishness and stupidity combined. It's just irresponsible. We should only spend what we can afford to lose. And having no sufficient money on hand or income at all speaks so much trouble.

If ever you lose for risking the money you have thinking it could profit, it will cost you your peace of mind and it could mean that you have to sacrifice other important things just because of that bet or play. Gambling isn't a get-rich-quick scheme. It involves critical thinking, skills, and luck altogether. It shouldn't be done impulsively.

Gambling is just a place to get entertainment, and if anyone treats gambling as a place to make money, they will regret it and lose their money. They should look elsewhere that has nothing to do with gambling so they can earn. And if he really wanted to gamble, he should have prepared some money for gambling and not used more money that could strain his finances. In addition, he must understand that gambling cannot always give you wins but can often give you defeats.